FDx Advisors Inc. boosted its holdings in Tupperware Brands (NYSE:TUP) by 38.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,122 shares of the company’s stock after buying an additional 2,815 shares during the period. FDx Advisors Inc.’s holdings in Tupperware Brands were worth $490,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of TUP. BlackRock Inc. increased its position in shares of Tupperware Brands by 1.4% during the fourth quarter. BlackRock Inc. now owns 8,212,037 shares of the company’s stock valued at $514,894,000 after purchasing an additional 110,580 shares during the period. Bank of New York Mellon Corp increased its position in shares of Tupperware Brands by 15.4% during the fourth quarter. Bank of New York Mellon Corp now owns 976,323 shares of the company’s stock valued at $61,216,000 after purchasing an additional 130,092 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Tupperware Brands by 24.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 846,881 shares of the company’s stock valued at $53,099,000 after purchasing an additional 168,535 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in shares of Tupperware Brands by 0.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 811,743 shares of the company’s stock valued at $50,896,000 after purchasing an additional 2,074 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Tupperware Brands by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 416,352 shares of the company’s stock valued at $26,105,000 after purchasing an additional 5,234 shares during the period. 83.76% of the stock is currently owned by institutional investors.
Shares of NYSE:TUP opened at $43.95 on Wednesday. Tupperware Brands has a fifty-two week low of $43.79 and a fifty-two week high of $44.18. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 9.08, a P/E/G ratio of 0.77 and a beta of 1.53. The company has a current ratio of 0.96, a quick ratio of 0.57 and a debt-to-equity ratio of -5.58.
Tupperware Brands (NYSE:TUP) last announced its quarterly earnings results on Wednesday, April 25th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Tupperware Brands had a positive return on equity of 401.48% and a negative net margin of 12.35%. The firm had revenue of $542.60 million for the quarter, compared to analysts’ expectations of $542.62 million. During the same period in the prior year, the business posted $1.01 earnings per share. The business’s revenue was down 2.2% compared to the same quarter last year. research analysts predict that Tupperware Brands will post 4.65 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 6th. Shareholders of record on Wednesday, June 20th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date of this dividend is Tuesday, June 19th. Tupperware Brands’s dividend payout ratio (DPR) is 56.20%.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Tupperware Brands from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Saturday, January 20th. ValuEngine cut Tupperware Brands from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Citigroup lowered their price target on Tupperware Brands from $62.00 to $56.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 13th. Morgan Stanley lowered their price target on Tupperware Brands from $72.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 1st. Finally, Bank of America lowered their price target on Tupperware Brands from $63.00 to $55.00 and set an “underperform” rating on the stock in a research report on Thursday, February 22nd. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Tupperware Brands currently has an average rating of “Hold” and an average price target of $61.83.
In other Tupperware Brands news, VP Lillian D. Garcia acquired 2,320 shares of Tupperware Brands stock in a transaction on Thursday, April 19th. The shares were bought at an average price of $43.18 per share, with a total value of $100,177.60. Following the completion of the purchase, the vice president now owns 11,659 shares in the company, valued at $503,435.62. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David R. Parker acquired 3,000 shares of Tupperware Brands stock in a transaction on Thursday, April 12th. The stock was acquired at an average cost of $41.70 per share, for a total transaction of $125,100.00. Following the purchase, the director now owns 24,039 shares of the company’s stock, valued at approximately $1,002,426.30. The disclosure for this purchase can be found here. Insiders acquired 10,320 shares of company stock worth $441,278 over the last quarter. Company insiders own 3.42% of the company’s stock.
About Tupperware Brands
Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.
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